Common use of Box Office Clause in Contracts

Box Office. 22.1 The Licensor shall have sole control and supervision of the box office. 22.2 In the event the Space Hire Charges are not paid in full in advance, all Box Office Proceeds from the sale of admission tickets to a Performance must be provided to The Licensor by the Licensee to be banked in a bank account in the name of The Licensor and be held in trust by The Licensor until at least seven (7) days after the final Performance of the Licensee. 22.3 Should a Licensee default in the payment of any monies under this Agreement, The Licensor may retain sufficient monies from the Box Office Proceeds to pay for any loss or damage suffered by The Licensor arising from the Licensee’s default.